Trade-in data shows at more people are swapping gas for EV, but it's nuanced

Edmunds trade-in data showed a 5% jump in people trading gas cars for new and used EVs for the first 4 months of 2026. The rise has happened as gas prices have climbed 40% since April 2025, according to AAA. High car prices and interest rates are still keeping many shoppers away from dealer lots, even if gas prices are high. That could change if fuel costs stay elevated or rise further.